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. >>> coming up, a down-to-the wire negotiations on the fiscal cliff. >>> republicans have taken their demand for social security benefits off the table. truth is, they should have never been on the table to begin with. there's still significant difference between the two sides but negotiations continue. there's still time left to reach an agreement. i ask unanimous consent that the senate proceed with debate only. >> without objection, so ordered. >> harry reid on capitol hill just moments ago talking about the progress in the fiscal cliff negotiations. let's bring back paul cane from "the washington post." what are your thoughts of that that they'll reconvene tomorrow? >> that's senate speak for progress. that was a very, very good moment there. you know, earlier today, this afternoon, reid essentially said he didn't have another offer to give and best of luck, joe biden and mr. mcconnell in your talks. my sources have said that those talks went very well and they've restarted the talks now between reid and mcconnell. now, it's going to go probably late tonight, late tonight. we'll have to
, who will the public blame if we go over the fiscal cliff? text a for democrats, text b for republicans to 622329. i'll bring you the results later in the show. >>> joining me now is congressman elijah cummings of maryland. welcome to the show. >> it's good to be with you. >> what do you make of the latest posturing. the house will they reconvene before january? they have a lot of stuff to do, so clearly they can't make it back to d.c. to do the people's business. >> as you said a few minutes ago, we have been assured we would be given at least 48 hours notice before we would have to come back, that means right now, is that probably the earliest we will come back is saturday morning. that would only leave saturday and sunday to get anything done, because i doubt that the house will be in session on new year's eve. i doubt it. >> right. >> basically what you're talking about right now, we have two days. this has been a game that's been played on this. this plan b that mr. bainer put forth was everybody knew it wasn't going anywhere. and sadly, that's time that could have been spent serio
, the nation will go over the fiscal cliff in a little more than five days and house republicans are doing nothing more than posturing. president obama is flying back to washington tonight from his christmas vacation in hawaii to make one last attempt to get a deal before midnight new year's eve. the senate is returning and will be in session tomorrow for the same purpose. senate majority leader harry reid is trying to determine what kind of bill he can get through the senate with limited republican support. meanwhile, governor neil abercrombie of hawaii tonight announced that lieutenant governor brian schatz is as fit to feel the seat of the passed senator daniel inouye. he will leave hawaii for washington tonight and is expected to be sworn in sometime tomorrow afternoon. the democrats are wasting no time in the event harry reid needs the vote to avert the fiscal cliff. but the house? a different story. speaker john boehner held a conference call with republican leadership today, and basically decided to do nothing. there are no immediate plans to return to washington. even as that decis
cliff with this debt ceiling expanded and talk with the fiscal cliff. republicans didn't want to do that. that was part of the big negotiations. now that we are talking about the small deal, i think the debt ceiling is going to be a separate issue and probably we will have to be talking about this yet again in the spring. thankfully people who are watching right now will already know what's going on. >> lisa, thank you very much. there will be another change in president obama's cabinet heading into his second term. lisa jackson administrator for the environmental protection agency will be stepping out after the state of the union peach next month. jackson cited the epa's progress in food, water, and air quality and also energy independence. jackson started at the agency as a scientist 25 years ago. humans of weapons show up in los angeles. from hand guns to revolvers and rifles and even assault weapons. just a sampling of guns traded for grocery gift cards. efull ap? who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app allows you to qu
on the thousands that republicans stand to hurt in their own districts if we go over the fiscal cliff. >>> history was made this year in more ways than one. we saw unprecedented efforts being made at the state level to suppress the vote, targeting the poor, the young, the elderly, and minorities. we also saw the re-election of the first african-american president. and with that historic event came a whole wave of hate speech and racist stunts. social media provided a platform for the nation's unenlightened to air their grievances with the president's skin color. one blog tracked the origin of racist tweets, following the president's re-election. the majority of them coming from red states in the southeast. twitter saw another eruption of racist language when the president interrupted sunday night football to address victims' families in newtown, connecticut. and for those not as technologically savvy, danny halfly of kentucky proves there are more old-fashioned ways to show one's ignorance in 2012. halfly says there is nothing racist about this barack obama mannequin, holding a slice of watermelon
to produce. >> that was president obama urging republicans to come together on a fiscal cliff deal. the comments drew a quick response to john boehner who said republicans made every effort to reach the balanced deficit agreement that the president promised the people. we have been responsible and reasonable. the president is the one who has never been able to get to yes. we are learning that the fiscal cliff talks have hit a major setback today. joining us is oklahoma congressman tom cole. what are you hearing? are you hopeful that there is a deal today? >> i am probably the last optimist in washington. all the parties that can make a deal are in town. that is a step in the right direction. there is very serious negotiations going on now between senator mcconnell and leader reed. they have found common ground. i wouldn't be surprised that there are bumps along the way but the senate will get something done and it moves to the house. and what senate would be extraordinary important. >> until now it appeared negotiations centered around a small deal that would likely extend bush tax
proposal from republicans, well, pretty much, we're headed towards the fiscal cliff and going over. there has to be movement towards a middle ground, and as the meeting started, there was no. we are awaiting reports on what happened. they met for an hour and five minutes. could have been progress towards another type of workable frame work to maybe kick this into next year, but as of the start of this meeting, it was not looking good. the white house will be updating ceos at 5:30, a staff call, staff from white house calling a number of ceos, having a conference call to update them. lloyd blankfein of goldman sachs on the call, trying to confirm other members of the call. thinks moving quickly, but not much progress. david: if there had been any kind of conclusion or any kind of agreement between republicans and democrats as we're looking at pictures -- that was nancy pelosi moments ago, if there was an agreement, there probably would have been an announcement, come out to the gaggle of reporters saying they are happy, and there was none of that announcing going on today; correct?
been a sense as long as these fiscal cliff negotiations have been going on an predating that to the last time the debt ceilings negotiations or give away that we're giving up way too much. and the sense is that it's all a could -- kabuki theater. >> president obama caught the hawaii vacation short for what reason? >> that's act one or two of the kabuki. to make it seem as though even though he flew off for vacation, he cares about what is happening. that's why so many americans and fox viewers obviously in particular are fed up with what's going on in d.c. because it seems there's always a predetermined conclusion. and for the last 30, 40 years in american politics, that end has been kicking the can down the road further and not telling america that finally once and for all we need to just suck it up, take the consequences of all of the provely gacy over the years in washington, d.c. when they say cut spending, mean it. >> mean it. >> efficient the fiscal cliff, it should be called the obama cliff and swan dive over it. good idea or bad idea? >> yeah. i think that would
leader harry reid is ready to introduce legislation that would avert the fiscal cliff, but only if he gets assurances from republican leaders that they won't try to block it. that standoff is creating some tension on capitol hill that spilled on to the senate floor today. >> the senate will come to order. >> reporter: in the normally genteel senate, leader reid unleashed a tirade today about house speaker john boehner, accusing him of running a dictatorship in the house. >> speaker boehner is not willing to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid
the fiscal cliff. >> the idea, republicans and this is the idea that has been floated, will let us go off the cliff sor they or certain members won't have to raise taxes. >> they will cut taxes retroactive retroactively. >> seems like a bad way to go. >> look, this was a machine built to encourage compromise. and it may get easier for some republicans to come back in january if we go over the cliff. the reason, of course, all the bush tax cuts expire with the cliff, when you come back, you would only be voting to cut taxes on some force of the public, up to a certain income level. if you do it now, basically extend push tax cuts, are you effectively raising taxes on some people. might be easier for republicans, it takes us only a small step of the larger accommodation we need. we need some kind of long-term agreement to stabilize the federal government's finances and automatic spending cut side of this is a really blunt instrument. they have to come together if they are going to deal with this, and the problem as i say, all political incentives are toward polarization and refusing to bend
, then there is no way that we can make that fiscal cliff deadline. it's going to require the republican leadership to be willing to have a traditional up or down vote on the majority leader's legislation. >> well, for a man who's filibustered his own legislation, that's a tall order, to be sure. >> it is, but it happens in the context of all of us looking at what kind of filibuster reform there should be. >> right. >> and if republicans want to show the american people that at that juncture, with everybody watching and so much at stake, they're going to force a fiscal cliff breaking filibuster, i think that's going to have effects that they're going to be very concerned about down the road. so we have kind of a filibuster window here, if the minority leader, if the republican leader will let us proceed that way. >> well, from your mouth to your 99 colleagues' ears, to be sure. >> yeah. >> let's take a listen at your leader, your senate majority leader reid after the meeting. >> i hope everything's a good sign. i've had my confidence destroyed on other occasions, so i hope it's not on this occasion
the fiscal cliff was 10 days ago. republican leaders in the house are waiting for the senate democrats to act. they want to see what kind of bill harry reid brings forward on the floor. he is looking at republican leader mitch mcconnell to say what are you willing to accept? so here we are. there is blame game going on. there is lot of maneuvering still. bottom line we'll probably meet this weekend heading up to the fiscal cliff and we'll see what the final offer is to see if they can push it across the finish line. gregg: mike, we're getting word the president has nod no meaningful conversation with anybody own capitol hill, especially john boehner and yet we do hear, that, you know, the seeds have been talking. that staffers have actually been negotiating. what do you hear? >> reporter: that's right. we heard there have been ongoing discussions, taking place throughout the christmas holiday but at this point republicans are saying they took a beating, if you will, trying to lead in the house, a deal that did not go very far. so they're saying, okay, harry reid, senate democrats, see what yo
for the fiscal cliff stalemate and now, he is doubling down on that criticism. on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on lawmakers to strike a deal or hold a vote on his plan, which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding, unifying theme. >> reporter: after the interview, republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don't have a role here in breaking this impasse? you have had a tough go with congress. >> david, at a certain point, if folks can't say yes to good offers, then i also have an ob
, at their kitchen tables, understand not only what this fiscal cliff is. but i think part of what the representative is telling us here, we have to be really clear about is what republicans would like to do is hold the country's long term hostage on the short term. and it's critical the democrats, no matter how important it is to get a deal done, don't get the wrong deal done. they've goth to make sure that a fair deal happens. >> thank you, i'm going to let you guys keep going on this because i really want to help bring this home. congressman and thank you, melissa harris perry, thank you both for your time this evening. and happy new year to both of you. but don't forget to tune in to melissa harry-perry saturdays and sundays at the 10:00 a.m. hour, here, eastern time on msnbc. coming up, more on the president's comments on the fiscal cliff negotiations and politics over people. republicans bring the country to the brink again. and millions of unemployed americans are nervously waiting. and what a year it's been. the votes are in. we have the "politics nation" picture of the year coming up. you're
to go before america goes over the fiscal cliff. final day for democrats and republicans to get a deal done. if they don't, your taxes go up at the stroke of midnight. the two sides brought in their so-called closers on sunday. vice president joe biden and senate minority leader mitch mcconnell. working behind the scenes as they have successfully done in the past. the senate went home last night and they are going to get in this morning at the bright hour of 11:00 a.m. eastern. i don't understand how that works. we are not seeing any evidence of progress in either chamber, but as i said, mcconnell and biden are talking. that's important. these two guys have a long history together, and have an ability to cut a deal. one major stumbling block has been overcome. republicans have dropped their demand to reduce social security, cost of living increases. you will know that as the chain cpi. >> and the public has taken their demand for social security benefits off the table. the truth is they never should have been on the table to begin with. significant distance between the two sides, but n
a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep boring people with this term fiscal cliff? >> right. to really get the deal done right you need about 4 tr
shows that more american will hold congressional republicans responsible for going over the fiscal cliff instead of the president. 48%-37% there. has making his case to the public either on recent trips or with his upcoming appearance, has that really given president obama the leverage in this debate? >> i certainly think it has helped because what this president has been good at i think throughout his tenure through the white house and definitely through the campaign is making the issues that he is fighting for and that he has been talking about relevant to everyday americans. and he has been asking for those same americans to make their voices heard with their congressional leaders. and as we all know, there is no one more important to congressional leaders than their own constituents back home. and so when the president asked constituents to let congressional leaders know what it's going to mean to them if their taxes rise on january 1, then leaders are going to hear from their constituents back home. i think that's a very powerful piece of pressure that washington actually does respo
are about to go over this fiscal cliff. what do you say? >> of course they blame republicans. that is what people in washington bureau. let's be realistic about this. the president owns the economy at the end of the day, whether he wants to admit it or not. this is his job. i was there in 2003 in the second round of so-called bush tax policies came to the house. the house house wanted $550 billion in cuts. all they could get was $250 billion. it was a compromise. george bush came down and met with our conference and said, you guys thought the good fight, this is what i mean, need, let's go and take what we can get, with a $250 billion and the problem is solved. gerri: i don't see that exactly. [talking over each other] [talking over each other] >> can you imagine? can you imagine lyndon johnson sitting on the sidelines while something like this was going on? gerri: i cannot imagine lyndon johnson going anywhere but washington and sitting there, quite frankly. something that is new out this afternoon, senior administration officials in hawaii, saying that it up the gop. that gop leaders sho
as lawmakers continue to scramble to get a fiscal cliff deal done. rich edson has the latest. rich: they are considering legislation here in the senate today. president obama says he called to talk to congressional leaders, democrats and republicans, last evening. there is no progress here to report. president obama put it all on the house. >> they are operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority to get what they want. if the 250 would be brought up, it would pass overwhelmingly speaking that 250 he is discussing that would keep tax rates where they are for income amount for less than $250,000 increased those earning more. house speaker says senator reed should talk less and legislate more. senate democrats have not. they want to extend all the current tax rates and avoid some of the spending cuts. democrats are on their opening offer. they basically have not moved anywhere. there is less than a week to go. >> senator reid talking about a less than $250,000 limit. speaking right. exactly. liz
support in the house for his plan the proposal on the fiscal cliff has embarrassed the speaker, but the speaker's failure means a solution to the fiscal cliff is, if they're going to be one, now resting squarely upon president obama. arsine to be vacationing president alone cannot propose legislation that wins majority support in both the house and senate, and the decision to go over the fiscal cliff now depends on his ability to successfulully negotiate and to forge a compromise that appeals to both republicans and the far left in mr. obama's party. the president met with senate majority leader harry reid this afternoon and talked with speaker boehner to begin anew that eort to reach compromise. >> averting this middle-class tax hike is not a democratic responsibility or republican responsibility. with their foes the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days r
to congress. >> reporter: republicans have had several chances to pass a deal to avoid the fiscal cliff, but they did not do so. the president seems cautiously optimistic something will happen. the president adds that -- adding that he asked the senate to come up with a deal, but that if they do not, he says he wants them to vote to extending the bush tax cuts for the middle class. positive news, concerning former president george h.w. bush. his office released a statement saying he has been moved out of the intensive care unit and into a regular patient room at methodist hospital. he was admit to the the hospital, the day after thanksgiving with bronchitis. three people are dead after a small plane crash in california. investigators say a 63-year-old man, his wife and daughter were flying from san diego to phoenix when the crash happened. the cause is under investigation. final preparations are underway for the big new year's eve celebrations in times square. organizers have tested the confet tow make sure it floats. thousands of people from around the world wrote wishes on the confety
. and then we go over the fiscal cliff and i agree that it just kicks the can a little bit further. part of the problem is we have no leadership here. gerri: let's get rich edson back into this. my next question is, what happens next? do we just wait for harry reid and mitch mcconnell to come up with something? when might we have more of these meetings? reporter: senate leaders will meet tonight. carrie reeder says he is suspending regular business on the senate floor tomorrow so leadership can work on us. they are working on issues and have been for the last couple of days. at that point, sometime sunday morning, they will have to make a decision as whether they got enough votes for they have come up with something that can actually pass the house and the senate. if that's the deal and they do reach some kind of skeleton or compromise that they can sell the democrats and republicans in the house and senate, they will begin that process once leadership is signed off. the time from then it's a little bit longer when you consider that the house has a rule that any bill must be posted onlin
and unable perhaps, for what will ensue of the fiscal cliff. but the fact is that we are looking at a real prospect that the republicans will be held responsible and must plan be actually hashe effect of shifting some of the responbility to the president read what you thinkre the odds? >> i think he will be held responsible for the economy in 2013 and 2014. you cannot blame george w. bush anymore. they conol the senate. it is their economy for sure. so i think that you're going to sea real problem in 2013 and 2014, but i do think it's obama's economy now. the republicans passed the tax cuts for one group, let's say all the wy through, not the very top group, , i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this way. because i said last year that i felt strongly at the beginning of the campaign. the democrats were the repuican -- the democrats or the republicans, which party led the discussion to the enduring that of the middle class sure enou
from wyatt, the fiscal cliff also includes 1.2 trillion in mandatory spending cuts. congressional democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hou
to solve the fiscal cliff have nothing, are not reducing the deficit one ta. >> basically, i'm going to have to spend my prime years and the folks i know, spend their prime years paying off the interest payments. the fact of the matter is in the interest, social security and medicare will consume the budget in the near future, right when i probably want to be starting a business, tting my life going enough razzle want to get their life going. instead, will be paying taxes on lobbying indenred servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and is why conservatives in the house and senate need to be serious about these fiscal cliff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for thei
like likely life hawaii and opped into washington, d.c. and save america from the fiscal cliff. how does the president win this optics war, grover? >> well, it's all politics. he's not put a proposal on the table that makes any sense. when talk about plans a, b, and c, the republicans have passed plana,he ryan bill, ryan budget and plan. that saves $6 trillion over the next decade. it reforms entitlements. it reforms taxes. doesn't raise them, reforms them without raising taxe on people. so that's a plan that's written down that's passed the house of representatives and has strong support among republicans in the senate. the alternative is nothing. >> we know that's not going to pass the senate and we also know the white house isn't going to sign that. move on. my contention is after -- >> allow me. >> work with me. it's an important question. let's say president obama says we're going off the fiscal cliff. we go off the cliff. tax cuts expire, sequestration, they kick it down the road. if president obama then says i'm going to put in tax cuts for anyone making under $250,000 a year
on what could happen as the fiscal cliff counts down. i want bring in the senior congressional reporter in politico. it's clear from what was said yesterday, that he believes that the senate leaders can put together a deal. take a listen. >> i just had a good and constructive discussion here at the white house with the senator and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that could pass both houses in time. >> what had to happen behind the scenes? what had to transpire in the room for the president to express any optimism that a deal could be made? >> i think it was positive sounds by mitch mcconnell. the senator minority leader wants a deal. he knows in the new year, it will be harder to get a deal to the republican likings if it goes over the cliff. the republicans will suffer a bigger amount of the blame and there will be more democrats in congress in the next two years and at that point, it will be harder to shape a deal how they want it to be shaped. so mcconnell wants a deal. they are neg
the top two democrats and the top two republicans and the president. yes, the fiscal cliff is the news background to today's trading. hopes of any kind of deal really are slipping away. i'm not going to say it's not going to happen, but the chances of a deal are slipping away. that is going to affect the early trading today. dow jones industrial average has opened lower, it's going to go down roughly 60 points. if you look at the futures market as a indicator for the current market we should be down about 60 by the time we open up. and barnes & noble, a big mover today and i want to go to lauren, how far up or down. >> it's up 2.3%, stuart. i went over to the booth where it trades, the traders say really heavy volume for in time of morning in the premarket on the stocks. barnes & noble very smart today. the good news up 11% and making a educational investment and putting 90 million into the nook media, which is kind of part of barnes & noble's business, but then put out the bad news, barnes & noble and their holiday sales will come in below expectations and their nook business would no
force a compmise, but it hasn't. >> washington remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1st with no deal, the markets are likely to decline in a significant way and alarm most americans. they don't want to have themselves blamed for that. >> reporter: meanwhile, public pressure is mounting. countdown clocks are springing up, and today starbucks asked employees to begin writing "come together" on coffee cups. now, speaker boehner has not yet called the house back into session. meanwhile, treasury secretary tim geithner told congressional leade
and again yet republicans they have done their job. they passed a bill months ago to avoid this fiscal cliff. now, that bill has been come meetly ignored by -- completely ignored by senate democrats and by the president. number five the worse part of all there is nothing here that the president is proprosing that deals with the real clear present danger that america now faces. reckless borrowing, reckless spending generational theft that brings america to the point of bankruptcy. the president has given the country over $6 trillion in new debt. trillion dollars deficits as far as the eye can see and all he wants to fight for is higher taxes that will fund a mere 8 and a half days of government. frankly nothing but a pathetic disgrace. you the american people deserve a government that lives within its means. you deserve a government that is not obsessed with using your money to accumulate their power. it is time for americans to understand the simple truth of what is going on here. a truth by the way that an abusively biased news media just ignores. joining us now with reaction as america is
court and some republicans are saying the president isn't really trying to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and gets to cut the military which democrats have been calling for for years and he gets to blame the republicans for it. >> and independent senator lieberman saying it's likely that it will pass with no action, harris. >> harris: how soon can we expect negotiations to get back underway. >> not until after christmas. and wednesday, most likely on thursday. president obama on vacation in hawaii until after christmas has insisted taxes on the wealthy be increased aen one of his democratic allies said today that position should come as no surprise to anyone. >> on taxes, i know it's hard for the republicans, but the president ran on that platform, 250, no tax increases people below, but taxes for people above. he won 60% of the voters said they were for it
on him to help address the fiscal cliff. he's upset because, quote, the phone never rang. he complains that i have not passed the resolution to pass the fiscal cliff but he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that would give to middle class americans. that passed the senate. now, we know that republicans have buried themselves in procedural road blocks, everything we try to do around here. and now they are saying, well, we can't do the 250 because it wasn't blue-slipped, because it will be blue-slipped. mr. president, how does the american people react to that? there was a bill introduced by the ways and means committee in the house, sandy levin that called for this legislation. the speaker was going to bring it up to kill it but he kobt kill it and then we moved to plan b, the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd. he meaning the speaker. so it's very clear now, mr. president, that
to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republican the senatech mcconnell the is trying really hard to figure out a way to avoid the fiscal cliff public. >> we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the expwrort leader can make to his conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants
package they come up with. now that we're days away from actually going off the fiscal cliff where these automatic massive spending cuts as well as large tax increases got into effect you have to have low expectations. it appears the white house is very confident in waiting for the republicans to make the next move. they keep saying inside the white house this is up to the republicans. they're the impediment here. when you listen to senate republican leader mitch mcconnell he basically said yesterday when he got a phone call from the president two nights ago it was the first time he heard from a democrat about the fiscal cliff negotiations, whether the president, senator reid or others in about a month, around thanksgiving. with the democrats not reaching out to senator mcconnell for a month, doesn't seem like they have been pushing very hard for a deal, gregg. gregg: has the bickering between reid and boehner sort of poisoned the negotiations past the point that, you know, maybe this meeting will help at all? >> reporter: it may have because it's really, we've seen tensions escala
of this, are they not? >> i think everyone will stumble off the fiscal cliff if you will. we're going to have a patch. and yes, the republicans right now are not looking as good as they would hope to especially after the election. >> that's putting it lightly. >> it's a nice saturday afternoon. there's no reason -- but fact is that they do have one more card to hold. and that's the debt ceiling debate. and that's something where they could really be strong on spending cuts. if they have to give in and come up with this patch, everyone is going want this debt ceiling done before the president's state-of-the-union or hopefully before his inaugural speech. so the president's looking long term. he's looking legacy. and here's where republicans have a chance to cut a better deal than normally expected. >> democrats feel like they're in a pretty good position right now whatever deal comes out of it may be one they can stomach? >> i hate to pop the optimism bubble. but i think progressives should be a little bit concerned for a couch reasons. one is if you look at logistically how this has t
away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later this week. >> david kerley reporting from washington tonight. thank you. >>> speaking of president obama, he attended the burial today of long-time hawaii senator, daniel inouye. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. senator inouye was the first japanese american elected to both houses of congress. he was also the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling for the holidays, meteorologists are now worried about what could be the nightmare after christmas. two new storms are moving in. we'll get the forecast in a moment, but first here's abc'
. >> there's something fascinating to all of this. ben bernanke gave this situation the name fiscal cliff which sounds very dramatic and very scary. but what it is is an act of congress that they actually voted for. 174 republicans voted for this law that would then take effect on january 1st with all these spending cuts in it, and democrats -- 95 democrats in the house voted for it, 74 votes for it in the united states senate, and now congress is afraid of actually going through something that it voted for to occur on january 1st because it all feels too dramatic to them. and so there's something very peculiar. the crisis that congress is facing is can they undo something that they voted for, and can they undo it by new year's eve? >> it's irony and paradox upon irony. remember the reason the fiscal cliff is supposed to be so dangerous and the reason why so many people in washington are worried about the fiscal cliff is it's too much deficit reduction too fast. so all of this takes place against a debate about how to reduce the budget deficit. that's why you get into this theater of the
to avoid plunging over the fiscal cliff. if they agree to a plan, each of these players has a role. senate majority leader harry reid quickly moved the measure to a vote. minority leader mch mcconnell assured that no republicans block the bill. house speaker john boehner agreed to bring the bill to a vote on the house floor. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for th
. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most important issue, but it's the central one. grover norquist told you his strong opposition to any tax increases of any sort. many republicans share his view. let's look at the economy. obviously across the board tax increases would hurt the economy. but what will the real economic reaction be to small tax increases on the wealthiest americans? now, annie lowrie of the "new york times" is still with us. i always have to make sure my viewers understand i am not advocating for tax increases on the rich. i want to explain what could happen. i want to bring in jean zahadi, a senior writer at your money and kevin haslett of the american enterprise institute. he was the author of much of mitt romney's economic policies. a good friend of the show. jean, let me start with you. tax increases on people making more than 250,000 a year. let's use that as a number. it might be 400,000, it might be half a million. it might be a million. let's take $250,000. if you increase taxes, the marge nalt tax rate from 35% to 39.6% on
" this morning, with an 11th hour deal to prevent the u.s. going off the fiscal cliff, is that actually going to happen? we have both sides of the aisle and both sides of congress with us. republican representative steve la tourette and democratic senator richard blumenthal. "sex and the city" d.c. style. we'll talk to the authors of the juicy new novel dishing about life working for a demanding senator on capitol hill and he's a mean one. the grinch from the musical joins us live and it turns out he may not be that mean after all. that and much more in 14 minutes or so. the grinch is going to be here. >> in costume, i hope. >> of course. it's going to be the real grinch. it's not an actor, it's the grinch for those kids watching this morning. >> of course it is. thank you, ali. >> good to see you both. >> we'll be watching. 47 minutes after the hour. let's get you up to state with the top stories. six states from pennsylvania to maine facing a winter storm, a big one. 12 to 24 inches of snow could fall in parts of new england. holiday travel just a nightmare on the roads and in the air. more
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